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members streamed out of the capitol last night with no agreement to avert the fiscal cliff. house speaker john boehner is home in ohio tonight. but he left a video behind. >> washington has a serious spending problem. >> reporter: which played in the capitol tonight would echo through the empty halls. >> the president's solution of raising taxes -- >> reporter: the republican leader of the senate took a holiday swipe at democrats. >> i'm stuck here at washington. trying to prevent my fellow kentuckyians from shelling out more money to uncle sam next year. >> reporter: we're learning more tonight about how the negotiations fell apart. the wall street journal quoting unnamed sources said that when the speaker offered $800 billion in revenue by limiting deductions the speaker asked, what do i get? the president reportedly responded, you get nothing, i get that for free. unable to agree on a big deal, on taxes and entitlements, the president is now hoping to get a small deal, extend middle-class tax rates and agree to a framework for a big deal. >> that's an achievable goal, tha
members streamed out of the capitol last night with no agreement to avert the fiscal cliff. house speaker john boehner is home in ohio tonight. but he left a video behind. >> washington has a serious spending problem. >> reporter: which played in the capitol tonight would echo through the empty halls. >> the president's solution of raising taxes -- >> reporter: the republican leader of the senate took a holiday swipe at democrats. >> i'm stuck here at washington....
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. >> now to the latest on the looming fiscal cliff. that tax and cut measure >> i used to be a business owner are do not want taxes to go of, republicans to not want calkins to go up. despite suffering a major defeat this week, when he couldn't muster enough republican support to pass his own tax proposal, house speaker john boehner says there's still hope. in this week's republican address, boehner urges democrats to work with republicans on if no deal is reached by january 1st, severe cuts and tax increases will take effect sometime during the month. congress is cutting short its vacation to come back to work on thursday. >> a federal judge is givng the okay to b-p's settlement with businesses and people affected by the 20-10 oil spill in the gulf of mexico. under the settlement, b-p will pay close to eight billion dollars to settle economic and medical claims from thousands of businesses and individuals in louisiana, alabama and other coastal areas. aside from seafood industry claims, there is no cap on the amount b-p will pay to th
. >> now to the latest on the looming fiscal cliff. that tax and cut measure >> i used to be a business owner are do not want taxes to go of, republicans to not want calkins to go up. despite suffering a major defeat this week, when he couldn't muster enough republican support to pass his own tax proposal, house speaker john boehner says there's still hope. in this week's republican address, boehner urges democrats to work with republicans on if no deal is reached by january 1st,...
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. >>> the nra steps into the gun debate and house speaker boehner gets tripped up on the fiscal cliff by his own party. today in the aftermath of newtown, the national rifle association offers a safe school plan. >> the only think that stops a bad guy with a gun, is a good guy with a gun. >> our conversation with nra point man asa hutchinson. connecticut senator joe lieberman on the culture of violence. then the gop's civil war. >> not the outcome that i wanted, but that was the will of the house. >> republican versus republican on the fiscal cliff with congressman steven la tourest and mick mulvaney. weighing in, "usa today's" bureau chief susan page, ron brownstein and michael duffy, washington bureau chief for "time" magazine. i'm candy crowley. this is "state of the union." nine days after the mass shooting deaths in newtown, the president of the national rifle association joined the gun debate. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> in a similar vein, lawmakers in a
. >>> the nra steps into the gun debate and house speaker boehner gets tripped up on the fiscal cliff by his own party. today in the aftermath of newtown, the national rifle association offers a safe school plan. >> the only think that stops a bad guy with a gun, is a good guy with a gun. >> our conversation with nra point man asa hutchinson. connecticut senator joe lieberman on the culture of violence. then the gop's civil war. >> not the outcome that i wanted, but...
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the other saying he thinks president obama wants to go over the fiscal cliff. chris, what do you think's going to happen? >> up till thursday, when the house voted down or didn't vote but obviously they didn't have the votes even to take up plan b i thought this was washington jockeying and posturing. but after boehner's plan b went down without a vote, i think there's a chance we could go over the cliff. you could see it in the markets on friday when they went down 120 points and could go down more next week. brasso thanks we're going over the cliff and conrad is saying, because he's not happy with the obama pair down plan to extend the tax cuts below $250,000 and extend unemployment. he wants to split the difference between the last offers boehner and the president made before plan b. i think that's a tough road to hoe and what this will come down to is your going to be asking republicans to rejected raising taxes on people below $1 million to now accept -- i mean extended bush tax cuts below $1 million to extend only to 250,000. they would have to take a mor
the other saying he thinks president obama wants to go over the fiscal cliff. chris, what do you think's going to happen? >> up till thursday, when the house voted down or didn't vote but obviously they didn't have the votes even to take up plan b i thought this was washington jockeying and posturing. but after boehner's plan b went down without a vote, i think there's a chance we could go over the cliff. you could see it in the markets on friday when they went down 120 points and could...
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was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxe and draconian spending cuts reting squarely on the prsident. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his share of heat for washington this function to may point republicans are hammering. >> t
was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxe and draconian spending cuts reting squarely on the prsident. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more...
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we are less than 10 days from the country reaching the so- called fiscal cliff. the president and congress have left town for the holidays. house speaker boehner is in and obama is in hawaii. >> i'm stuck here in washington americans from showing more money to uncle sam next year. the gauche nations between white house and house speaker speaker boehner fell apart. negotiations between the white house and house eager .peaker boehner fell apart the president said that he is to working on a smaller deal avoid the fiscal cliff. >> the president is making changes when it comes to his inauguration. this time there will only be o official balls. there'll be a concert honoring .he lee terry families saturdaye held on before inauguration. out of egypt, how millions e voted on the disputed constitution. also, this cruise ship is isn't beingto italy m.rubbed from top to botto >> staring up controversy in virginia. breaking news out of egypt tonight. the constitution has received a majority of yes from more than 70%. the results were posted on the muslim's brotherhood websit
we are less than 10 days from the country reaching the so- called fiscal cliff. the president and congress have left town for the holidays. house speaker boehner is in and obama is in hawaii. >> i'm stuck here in washington americans from showing more money to uncle sam next year. the gauche nations between white house and house speaker speaker boehner fell apart. negotiations between the white house and house eager .peaker boehner fell apart the president said that he is to working on a...
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now, some house debate concerning the fiscal cliff and john boehner's alternative that would have raised taxes on annual incomes of more than $1 million. this is about one hour. >> i'm not doing a sesame street skit here. this is what we're talking about. i think about planning a which is what the majority in the house of representatives has been trying to implement. it is very simply a plan designed to put into place that democrats and republicans say they support. that is meaningful, strong, bold plans for a simple, fair tax code. the president supports tax reform and taking the top from 25% to 30%. majoritysay we in the have been trying to put into place a real, meaningful tax reform that can ensure people can reduce rates and generate domestic growth. the trouble with that is our plan a has been designed to bring about a reduction of size and scope and the reach of the federal government. everyone knows what that means. real entitlement reform. plan a consists of two simple things. pro-growth tax reform that will keep taxes low for individuals and job creators, and small businesses i
now, some house debate concerning the fiscal cliff and john boehner's alternative that would have raised taxes on annual incomes of more than $1 million. this is about one hour. >> i'm not doing a sesame street skit here. this is what we're talking about. i think about planning a which is what the majority in the house of representatives has been trying to implement. it is very simply a plan designed to put into place that democrats and republicans say they support. that is meaningful,...
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the house has already passed bills addressing the fiscal cliff. we passed a bill replacing the president's sequestered with irresponsible spending cuts. we did that last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january 1, and we did that august 1. and we proposed plans over and over again that democrats used to support but now will not. i do not want taxes to go up, republican do not want texas to go up. but we only when the house. democrats continued to run washington. what the president has proposed so far simply will not do anything to solve our spending problems. he wants more spending and more tax hikes that will hurt our economy. and he simply will not deal honestly with entitlement reform and the big issues facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our country. we will continue to work with colleagues in the house and senate on a plan that protect famili
the house has already passed bills addressing the fiscal cliff. we passed a bill replacing the president's sequestered with irresponsible spending cuts. we did that last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january 1, and we did that august 1. and we proposed plans over and over again that democrats used to support but now will not. i do not want taxes to go up, republican do not want texas to go up. but we only when the house....
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cliff at the white house on friday before leaving town for christmas. he scaled back his goals for the few remaining days between now and the end of the year. he is focusing now on the middle class tax cut and extended unemployment benefits. both of which would disappear january 1st if nothing is done. the president and his supporters believe a larger deal is possible, one that includes higher taxes on the wealthy. the president supporters saying that position should come as no surprise to anyone. >> on taxes i know it is hard for the republicans, but the president ran on that platform, 250. no tax increases for people below, but taxes for people uh uh -- above. 60% of the voters were for it in the exit polls including some republicans. >> everyone is expected back here in washington after christmas to try again to hammer out some kind of deal, doug. >> thank you very much, steve. >>> the first family is spending the holidays as you know in the president's home state of hawaii. but mr. obama is taking time out from his vacation to attend a funeral servi
cliff at the white house on friday before leaving town for christmas. he scaled back his goals for the few remaining days between now and the end of the year. he is focusing now on the middle class tax cut and extended unemployment benefits. both of which would disappear january 1st if nothing is done. the president and his supporters believe a larger deal is possible, one that includes higher taxes on the wealthy. the president supporters saying that position should come as no surprise to...
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>> well, not really. ♪ >> president obama and house speaker john boehner helped create the fiscal cliff and if they don't get a long-term budget deal done massive automatic spending cuts are triggered. do you know what the slap to address the cliff. >> raise taxes on the rich people. >> every time it comes on the radio or the news i turn it off. >> raise taxes on the rich which i think will fund government for like a week. >> are you worried about your taxes going up? >> i actually hope the fiscal cliff happens. let's push it off the cliff and do it. >> do you know who john boehner is? >> no. >> the tan guy. he cries a lot? >> he cries a lot? poor thing. i would, too, if he was the speaker of the house. >> do you know who john boehner is? >> i have seen him. we use the same tanning bed. >> the fiscal cliff. are you afraid? >> very worried, indeed. >> i'm scared of heights, so. >> are you nervous? >> i think you are making me nervous. ♪ feels just like i'm falling for the first time ♪ >> just the day before the painful spending cuts take place, the bush tax cuts expire. that is why t
>> well, not really. ♪ >> president obama and house speaker john boehner helped create the fiscal cliff and if they don't get a long-term budget deal done massive automatic spending cuts are triggered. do you know what the slap to address the cliff. >> raise taxes on the rich people. >> every time it comes on the radio or the news i turn it off. >> raise taxes on the rich which i think will fund government for like a week. >> are you worried about your...
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. >> fiscal cliff chaos. >> not the outcome that i wanted but it was the will of the house. >> after speaker boehner's stinging defeat is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine, the only thing that stops a bad guy with a gun is a good guy with a gun. >> and a new pick for secretary of state. our headliner this morning, the nra's new point person on school shootings, asa hutchinson. then the senate debate with republican johnny isakson and democrat amy klobuchar. plus our powerhouse roundtable with newark mayor cory bookerer, nra board member grover norquist, peggy noonan and katrina vanden huval. >>> hello, again. the president and congress are off for christmas. fleeing a capitol filled with political dysfunction. fiscal cliff talks have completely collapsed. questions about the president's new national security team forced him to announce the appointments piecemeal and th
. >> fiscal cliff chaos. >> not the outcome that i wanted but it was the will of the house. >> after speaker boehner's stinging defeat is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine, the only thing that stops a bad guy with a gun is a good guy with...
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that doesn't mean they don't have work to do as the fiscal cliff looms. i take it this is a working vacation. >> reporter: white house officials have described this as a working vacation and talks are going on behind the scenes between white house staffers and hill staffers. the reality is the bulk of this probably won't get done until after christmas when lawmakers are expected to resume negotiations. there is a lot of frustration especially among senior members in both parties in part because president obama, house speaker john boehner seem so close to getting a deal done. they were really close on taxes and entitlement reform. we saw that last week house speaker john boehner couldn't get his plan b through the house. aides tell me right now president obama does not feel as though he has to compromise much more. he believes he has the leverage because he won reelection. >> on taxes i know it is hard for the republicans but the president ran on that platform. 250. no taxes for people below but taxes above. he won. 60% of the voters said they were for it
that doesn't mean they don't have work to do as the fiscal cliff looms. i take it this is a working vacation. >> reporter: white house officials have described this as a working vacation and talks are going on behind the scenes between white house staffers and hill staffers. the reality is the bulk of this probably won't get done until after christmas when lawmakers are expected to resume negotiations. there is a lot of frustration especially among senior members in both parties in part...
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is going to go over the fiscal cliff. some folks think that perhaps senator mcconnell would not negotiate something with senate democrats if he wasn't sure that it was going to pass the house, that it would get by at least some of the republicans who would need to get by to pass. but i think the white house is hoping that he will kind of buck house republicans and agree to work something out so that something can pass the senate. but it's very much up in the air, miguel, and not certain that we are not going over the fiscal cliff at this point. >> sounds like a very dangerous game, a very complicated game of chicken, the highest levels. what is your sense of it? you spent time with the president, know washington well. do you think someone is going to blink? >> you know, if you'd asked me a couple of weeks ago, i would have said i didn't think that the country would go over the fiscal cliff. i think it's very much a possibility at this point. i was sort of surprised that, honestly, a deal wasn't worked out. so i think at t
is going to go over the fiscal cliff. some folks think that perhaps senator mcconnell would not negotiate something with senate democrats if he wasn't sure that it was going to pass the house, that it would get by at least some of the republicans who would need to get by to pass. but i think the white house is hoping that he will kind of buck house republicans and agree to work something out so that something can pass the senate. but it's very much up in the air, miguel, and not certain that we...
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he joins us live next. >>> to the fiscal cliff. you know the national debt tops more than $16 trillion. as house speaker john boehner put it, quote, let's be honest. we're broke. how does washington get its economy in order? who better to ask than a billionaire. he built his company red apple group from nothing. john, welcome. thank you for coming. >> thank you for having me. how do we get this spending under control? >> common sense prevails. we are all americans. newt gingrich and bill clinton hated each other. but they sat around the table and solved the problem. we had an excess in our budget which is unheard of. these people have to realize whether they are democrats or republicans, it is not being democrats or republicans. it is being americans. sit down at the table and negotiate and come up with a solution instead of going off to hawaii and instead of going home that's what business people do. if i have a problem in one of my companies, i sit down and i say, guys, let's solve the problem. you don't just raise prices or rais
he joins us live next. >>> to the fiscal cliff. you know the national debt tops more than $16 trillion. as house speaker john boehner put it, quote, let's be honest. we're broke. how does washington get its economy in order? who better to ask than a billionaire. he built his company red apple group from nothing. john, welcome. thank you for coming. >> thank you for having me. how do we get this spending under control? >> common sense prevails. we are all americans. newt...
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remember, they left after house speaker john boehner decided to ax a vote on the fiscal cliff plan. they'll come back and see what happens with that fiscal cliff. also on thursday, we'll get the consumer confidence report. we'll see how the stock market reacts to that. it was at a four-year high last month. so, we'll see what happens. the stock market has been a little up and down, of course, with worries about the fiscal cliff. and on saturday, a big day in maine. same-sex couples will be able to start tying the knot in maine. voters approve the new law in a november ballot measure along with voters in washington and maryland. so, a whole lot going on next week, even though it's a holiday week. >>> well, many americans from the president on down are sick about what happened in newtown, connecticut. they want tougher gun laws, but the second amendment makes that a tricky proposition. i spoke with cnn legal contributor paul cowan for his take on how the supreme court interprets the right to bear arms. >> the supreme court has held that the second amendment permits people to keep weap
remember, they left after house speaker john boehner decided to ax a vote on the fiscal cliff plan. they'll come back and see what happens with that fiscal cliff. also on thursday, we'll get the consumer confidence report. we'll see how the stock market reacts to that. it was at a four-year high last month. so, we'll see what happens. the stock market has been a little up and down, of course, with worries about the fiscal cliff. and on saturday, a big day in maine. same-sex couples will be able...
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congress has one thing on its plate with the fiscal cliff. lawmakers have headed home for the holidays. candy crowley joins any now with a preview of her show. good morning. what's the reaction to the nra's proposal at the capitol there? >> not just the capitol, but i think pretty much nationwide a lot of people looked at it and said, whoa. you know, more guns is not the solution to this. now, mind you, what the nra is proposing and what it's trying to put into place is a program that is, you know, voluntary. they wouldn't force schools to do anything. the nr a said it could voluntees and et cetera, et cetera. the idea that gun control was not spoken of in the nra's first reaction, i think, struck some people as wrong. so there definitely was a lot of blow-back about it. what's the nra trying to do? it's trying to change the conversation. they think the debate should be about safe schools as opposed to guns, and obviously they're the gun lobby so you can understand that. that's what they were doing, and i mean, they got a lot of fierce pushba
congress has one thing on its plate with the fiscal cliff. lawmakers have headed home for the holidays. candy crowley joins any now with a preview of her show. good morning. what's the reaction to the nra's proposal at the capitol there? >> not just the capitol, but i think pretty much nationwide a lot of people looked at it and said, whoa. you know, more guns is not the solution to this. now, mind you, what the nra is proposing and what it's trying to put into place is a program that is,...
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who is planning on buying the new york stock exchange and why. >>> the fiscal cliff clock ticking down. real estate roars back. what it all means for your mo y money. the hottest holiday toys. the kids at heart and why everything old is new again. the "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. big changes for american icon. a symbol of capitalism and wall street. the new york stock exchange is being sold to i.c.e., atlanta-based derivatives trading exchange. the deal valued at $8.25 billion. profits at the nyc has shunk, lower trading volumes. i.c.e. is interested in the nyc because of the lower-based derivative exchange. the market could not make its mind up this week. the dow posting the first back-to-back triple digit gains since july. followed up with the worst day in a month. all the moves based on, well, what else, sentiment around the fiscal cliff deal. the economy though is looki
who is planning on buying the new york stock exchange and why. >>> the fiscal cliff clock ticking down. real estate roars back. what it all means for your mo y money. the hottest holiday toys. the kids at heart and why everything old is new again. the "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as...
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so amidst all of this uncertainty that we're talking about in terms of the fiscal cliff you've got some strength happening in the underlying economy. the worry is that reverse it is we go over the cliff. talk to us about real estate and housing. you're so uniquely qualified to talk about this in so many different cities. >> you look at housing and it's the bright spot of the economy. i think it's going to help propel our economy back. miami, for example, one of the first to go down deeply along with las vegas. we operate in both of these cities. prices are up in las vegas now 7%. and miami, 8%. so you're seeing tremendous upside in housing. >> these a some of the areas that really plummeted. >> yes. >> yes. so they're coming back? >> yes. >> low bases. >> but in san francisco is coming back as well. miami roared back. miami's inventory is lower than it was at its peak. the price increases are happening more prrapidly than t last peak '06. >> fascinating. how important is this for the overall economy that you're seeing these hot spots of real gop development and bursts of economy in cert
so amidst all of this uncertainty that we're talking about in terms of the fiscal cliff you've got some strength happening in the underlying economy. the worry is that reverse it is we go over the cliff. talk to us about real estate and housing. you're so uniquely qualified to talk about this in so many different cities. >> you look at housing and it's the bright spot of the economy. i think it's going to help propel our economy back. miami, for example, one of the first to go down deeply...
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. >>> and coming up next, the looming fiscal cliff. now new details between how talks between the president and house speaker boehner fell apart on friday. >> the rain and win, both are picking up. the waves coming over the seawall here in pacifica. we will have the latest on the >> welcome back, everyone. the latest storm is hitting the bay area right now. it promises to be a boozezy before all is said and done. let's check in with our meteorologist lisa argen. >> carolyn, it is beginning to pick up along the coast, the north bay, the santa cruz mountains. here's a look at san francisco. light rains here. the winds 20, 30 miles an hour with gusts to 40 miles an hour. but this is just the beginning. live doppler 7 on top of the mountain pinging up heavier rain from santa rosa to heelsburg. a low around the central bay but you can see some yellows and oranges. we will take you to the peninsula in a mommy. from santa rosa to windsor. bodega bay and through napa rain. but the light blue, a little lull but the wind gusts to 20 americans in
. >>> and coming up next, the looming fiscal cliff. now new details between how talks between the president and house speaker boehner fell apart on friday. >> the rain and win, both are picking up. the waves coming over the seawall here in pacifica. we will have the latest on the >> welcome back, everyone. the latest storm is hitting the bay area right now. it promises to be a boozezy before all is said and done. let's check in with our meteorologist lisa argen. >>...
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how far are we from a fiscal cliff deal? how far? president obama said he and house speaker john boehner talked yesterday, it was their first conversation since monday, when the two sides offered up concessions on tax hikes for the wealthy, the president offered lower tax rates for people earning up $400,000 a year, and for computing entitled benefits. in his weekly address, boehner stood firm, his message for the president, the ball is in your court. >> the president and senate democrats have vowed to reject and veto all of our proposals and failing to offer responsible solutions of their own. when the president has offered so far will not do anything to solve our spending problem and address the crippling debt. and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues that are facing our nation. that is why we finds orz oursel here today. >> the president's christmas break in hawaii may be quick, he is planning to return to washington right after christmas, briana, live in
how far are we from a fiscal cliff deal? how far? president obama said he and house speaker john boehner talked yesterday, it was their first conversation since monday, when the two sides offered up concessions on tax hikes for the wealthy, the president offered lower tax rates for people earning up $400,000 a year, and for computing entitled benefits. in his weekly address, boehner stood firm, his message for the president, the ball is in your court. >> the president and senate democrats...
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republicans cancel a vote on the fiscal cliff political disarray stock markets those were how the headlines read today when i came into work but is this just white noise we'll talk about signs of a broken market that go far beyond the day to day news purportedly moving them plus from market scandals to our very own we'll break down what you loved and hated this week and your feedback let's get to today's capital account. well the world didn't end today as some argue the mayan calendar predicted but this millennial error can at least teach us a thing or two about the pitfalls of prediction something fitting given the nature of financial forecasts and also fitting as our guest references it in a small way in his two thousand and twelve year in review he writes this review every december and this year it covers the gamut from broken markets to broke students saddled with more debt than those charging up their credit cards it's out today you can read it chris martenson is web site which is pretty peak prosperity dot com and you can hear him talk about it now on our show because david column is
republicans cancel a vote on the fiscal cliff political disarray stock markets those were how the headlines read today when i came into work but is this just white noise we'll talk about signs of a broken market that go far beyond the day to day news purportedly moving them plus from market scandals to our very own we'll break down what you loved and hated this week and your feedback let's get to today's capital account. well the world didn't end today as some argue the mayan calendar predicted...
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. >>> moving to the fiscal cliff. teetering on the edge of the fiscal cliff now with nine days left to cut a deal. lawmakers are home for the holidays. house speaker john boehner, his plan b went bust. before leaving town president obama urged congress to pass a mini-plan that would preserve middle class tax rates. the president is now in his native hawaii for a quick christmas break. briana keiller joins us from honolulu. hello, briana. is this fiscal cliff deadline getting closer, what do we think will happen as the holidays rolls out here? >> reporter: well, there's one sort of last ditch effort possibility here, don, and that is when the senate reconvenes on the 27th, it's possible that either they could try to pass something and sort of force it on the house or it's possible that they could take a bill that they've already passed back in july with the threshold of those tax hikes being at the $250,000 level and that they could kind of say to the house, okay, now the ball is in your court. you have to deal with th
. >>> moving to the fiscal cliff. teetering on the edge of the fiscal cliff now with nine days left to cut a deal. lawmakers are home for the holidays. house speaker john boehner, his plan b went bust. before leaving town president obama urged congress to pass a mini-plan that would preserve middle class tax rates. the president is now in his native hawaii for a quick christmas break. briana keiller joins us from honolulu. hello, briana. is this fiscal cliff deadline getting closer,...
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-- if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. an
-- if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >>...
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they lost house seats and senate seats and mitt romney rarely discussed the fiscal cliff. and we look back on the conversation and we think, gosh, it would have been nice if we had a plan that had been laid out, other than what mitt romney was saying, we're going to deal with this in a piecemeal fashion and we come to the table with that as a reality. nevertheless, why is anyone leaving down? why did the president leave town for his vacation, why did republicans start to leave town, why did democrats. if it is as serious as people say -- and i think it is, it would seem to me, even if the tea party is intransigent and that is what you want to say, they are terrible people and don't want to agree with anything, they are there and you have to deal with them, so everyone should stay in town, and can have their christmas eve dinner and do that, stay in town and figure this out and, the tea party, they believe in certain principles and they are fighting for them and think it is a spending problem, not a taking problem. i tend to agree with them, however bill's position is valid
they lost house seats and senate seats and mitt romney rarely discussed the fiscal cliff. and we look back on the conversation and we think, gosh, it would have been nice if we had a plan that had been laid out, other than what mitt romney was saying, we're going to deal with this in a piecemeal fashion and we come to the table with that as a reality. nevertheless, why is anyone leaving down? why did the president leave town for his vacation, why did republicans start to leave town, why did...
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. >> let me turn now to the fiscal cliff discussion. we saw those talks between the house speaker and president obama collapse this week. all eyes now on the senate. i want to show what the president called for before he left for his christmas holiday on friday afternoon. here's the president. >> all of us, every single one of us, agrees that tax rates shouldn't go up for the other 98% of americans, so there is absolutely no reason, none, not to protect these americans from a tax hike. >> senator isakson, he said every republican, every democrat in washington said everyone earning under $250,000 shouldn't get a tax hike. so he wants to put that on the floor along with an extension of unemployment benefits and some relief from this that's going to hit january 1st. any chance you could support that, senator isakson? >> i feel the house should have passed speaker boehner's bill and the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody, but i'm not in the majority in the u
. >> let me turn now to the fiscal cliff discussion. we saw those talks between the house speaker and president obama collapse this week. all eyes now on the senate. i want to show what the president called for before he left for his christmas holiday on friday afternoon. here's the president. >> all of us, every single one of us, agrees that tax rates shouldn't go up for the other 98% of americans, so there is absolutely no reason, none, not to protect these americans from a tax...
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, will let us go over this so-called fiscal cliff? >> that's a really good question. it's one of the reasons i'm pretty excited about the fact we already acted. we acted several months ago to extend the tax cuts for all americans. we don't have to go over the cliff. there is a piece of legislation that has passed house, which is good-- >> schieffer: well, craig shirley, who is a republican operative tauthor, observer, was quoted as saying if we were in a parliamentary system, what happened to speaker boehner would have been viewed as a vote of no confidence. do you think speaker boehner ought to step aside and let somebody else try to get this done? >> speaker boehner will be the speaker next year, without any question. the onus right now is on senator reid and the president to come up with a solution, make it a piece of legislation, pass it through the senate, present it to the house, and let's get back to the bargaining table. the american people deserve for both houses to do something and ask the president to sign it. >> schieffer:
, will let us go over this so-called fiscal cliff? >> that's a really good question. it's one of the reasons i'm pretty excited about the fact we already acted. we acted several months ago to extend the tax cuts for all americans. we don't have to go over the cliff. there is a piece of legislation that has passed house, which is good-- >> schieffer: well, craig shirley, who is a republican operative tauthor, observer, was quoted as saying if we were in a parliamentary system, what...
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. >>> and coming up next, the huge fiscal cliff. now knew tails between how talks between the president and house speaker boehner fell apart on friday. >> the wind is picking up. the rain is steady this morning. i'll have the latest on the coastal conditions from pacifica after the break. >> welcome back, everyone. the latest storm is hitting the bay area right now. we want to check in with our meteorologist lisa argen. >> hi carolyn. good morning, everyone. the rain is increasing. here's a look at down turn san francisco. light rain. a wind advisory is posted in effect in the north bay. next half-hour in san francisco the winds will continue to pick up, as well as the east bay. you sigh the heavy rain from the north bay into parts of the east bay and the santa cruz mountains. this is moderate to heavy rain here from santa rosa, windsor, up to fort ross and highway 101. the winds gusting to over 26 miles an hour in san jose. rain along the coast with 30 miles an hour gusts and hayward 23 american wind gusts. hercules more moderate r
. >>> and coming up next, the huge fiscal cliff. now knew tails between how talks between the president and house speaker boehner fell apart on friday. >> the wind is picking up. the rain is steady this morning. i'll have the latest on the coastal conditions from pacifica after the break. >> welcome back, everyone. the latest storm is hitting the bay area right now. we want to check in with our meteorologist lisa argen. >> hi carolyn. good morning, everyone. the rain...
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get better, rock. >>> coming up on fox 5 news sunday, the latest on the looming fiscal cliff and results of the benghazi report, plus the gun control debate heats up as the white house unveils a new gun violence task force headed by vice president joe biden. a preview when we return. >>> and another look at the national christmas tree outside. that's washington monument. we'll be back in a moment. . >>> we're back with your look at what's upcoming, new and noteworthy. it's your capitol rundown for the week of december 24th, 2012. starting off monday, at 11:00 a.m., george washington's mount vernon estates opens the rarely-scene third floor for christmas at mount vernon event, detailing how the first president marked the holidays. doors open at 9:00 a.m. tuesday, december 25th is christmas. federal offices are closed along with many houses of worship, but the basilica of the national shrine will celebrate christmas masses throughout the day. the shrine is at 400 michigan avenue in northeast. >>> wednesday, december 26th, smithsonian community museum presents separate and unequal, black ba
get better, rock. >>> coming up on fox 5 news sunday, the latest on the looming fiscal cliff and results of the benghazi report, plus the gun control debate heats up as the white house unveils a new gun violence task force headed by vice president joe biden. a preview when we return. >>> and another look at the national christmas tree outside. that's washington monument. we'll be back in a moment. . >>> we're back with your look at what's upcoming, new and noteworthy....
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cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the headlines go to fox news.com. the pro lifer versus pro abortion is heating nup ireland. the woman complained of pain and she asked for a abortion believing she miscarried her young baby. the doctors refused to abort the child saying the fetal heart beat was still. the women died three days later. the incident caused controversy all over the world . american pro abortion advocates pressured hillary clinton. joining us is hilary rose. an irish citizen nevy brown delair woman of love institute. it is so good to have you hered today
cliff are on hold for now. leaders claim they will work a p house leader john boehner said the white house proposal doesn't go far enough to stop massive spending. failure will trigger tax hikes and spending cuts. >> there are weeks of protest over the constitution which opponents say give too much power to president morsi . egypt's vice-president resigned and his position will be elim flated altogether and word that government's central bark quits. i am back to huckabee. for all of the...
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cliff. true, it was asking the house republicans to vote for a tax increase. but it was -- they got some cover from grower and others and i think it was a political exercise more so than anythings and it had enabled the work, it would have changed the scenario. >> governor, you know first-hand the politics of raising taxes. what did you make of all this? >> i almost felt sorry for speaker boehner. being torn apart by his own caucus. i'm enthusiastic about them passing anything. tax bills have to start in the house. the senate can take whatever vehicle they send over and substitute for it something that makes sense and have it sent back and it's on them to say yes or no as to whether we go over the cliff. that's really the approach. >> so you want to see something come out of the house? >> anything. anything. and you substitute the total bill. but it has to come out of the house and that's the rationale for getting something there. >> they actually did get something out of the house early las
cliff. true, it was asking the house republicans to vote for a tax increase. but it was -- they got some cover from grower and others and i think it was a political exercise more so than anythings and it had enabled the work, it would have changed the scenario. >> governor, you know first-hand the politics of raising taxes. what did you make of all this? >> i almost felt sorry for speaker boehner. being torn apart by his own caucus. i'm enthusiastic about them passing anything. tax...
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in august we dealt with the fiscal cliff issue. we have passed that. it's harry reid and the president that have yet to come up with something, and if it's so easy, if they thought they had a solution to it, why on friday didn't they come to the table and actually pass something in the pressure is on them. what can they pass in the senate? >> harold, you know the politics of this and the markets and how they have been reacting and wall street and corporate america more generally. is there new pessimism now that, a, we're not going to get a deal and we won't solve these issues anyway? >> big disappointment. people in the business community outside of washington understand, couple hundred billion over ten years separating both sides. the question is becomes can washington still govern itself? there's a growing realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and for that matter undermines what we see ourselves going forward and finally for the life of me as someone who served
in august we dealt with the fiscal cliff issue. we have passed that. it's harry reid and the president that have yet to come up with something, and if it's so easy, if they thought they had a solution to it, why on friday didn't they come to the table and actually pass something in the pressure is on them. what can they pass in the senate? >> harold, you know the politics of this and the markets and how they have been reacting and wall street and corporate america more generally. is there...
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and house republican's plan b to avoid a fiscal crisis collapses. is there a plan c or are we headed off the cliff? and top officials testify on capitol hill about the benghazi attack, but we'll have to wait longer to hear from hillary clinton. do they are role in that debacle effect her plans for 2016? welcome to the journal, editorial report, i'm paul gigot, as the nation copes with the shooting deaths of six deaths and 20 children at an elementary school in newtown, connecticut efforts turn now to preventing the next tragedy, with president obama appointing a task force for gun violence and members of congress calling for stricter gun control measures. but my guest this week says the heart of the problem is not the availability of weapons, but the abundance of individuals with severe mental disorders who are not being treated. dr. e fuller is the founder of the treatment advocacy center and author of the "insanity offense" how america's failure it treat the seriously mentally ill is endangering its citizens. doctor torrey. welcome here. and you'v
and house republican's plan b to avoid a fiscal crisis collapses. is there a plan c or are we headed off the cliff? and top officials testify on capitol hill about the benghazi attack, but we'll have to wait longer to hear from hillary clinton. do they are role in that debacle effect her plans for 2016? welcome to the journal, editorial report, i'm paul gigot, as the nation copes with the shooting deaths of six deaths and 20 children at an elementary school in newtown, connecticut efforts turn...
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we'll turn to the fiscal cliff . it is approaching effort . it is earlier this week there is signs of progress and republican house speaker john boehner said plans don't do enough to address the key problem. nasa's government spending that could impact future americans . >> what the president offered so far will not resolve the spending problems . it will hurt our economy. a failing to reach a deal by december 31st would trigger tax hikes and spending hikes . and they say they are willing to continue to work toward a deal . the question is can they get it done in a time. here's steve in washington. will president obama focus on the fiscal cliff? do we know? >> probably not: there will not be done to much -- and president arrived in honolulu. within to his rented vacation home. he left washington last night after scaling back . it is still possible . he's focusing now on a middle class tax hike and extended unemployment benefits. and this congress laws can only pass for democrats and republicans and that means no one gets 100 percent of what th
we'll turn to the fiscal cliff . it is approaching effort . it is earlier this week there is signs of progress and republican house speaker john boehner said plans don't do enough to address the key problem. nasa's government spending that could impact future americans . >> what the president offered so far will not resolve the spending problems . it will hurt our economy. a failing to reach a deal by december 31st would trigger tax hikes and spending hikes . and they say they are willing...
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. >>> the fiscal cliff, well, just ten days away with no deal in sight. president obama, house speaker john boehner literally thousands of miles apart. boehner is back in ohio. president obama and family are in his native hawaii. he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through apartment buildings and filled the streets with debris. more than 140 people reportedly died in attacks across syria, most in damascus and its suburbs. >>> india, riot police blasted protesters with high-pressure water hoses trying to break up massive angry rallys against the government. people are furious after a woman reportedly gang raped and beaten on a moving city bus last weekend. protesters demanding changes to india's laws regarding rape saying women are not safe in new delhi and other cities in india. >>> a former marine spent more than four months at a mexican prison is free and he
. >>> the fiscal cliff, well, just ten days away with no deal in sight. president obama, house speaker john boehner literally thousands of miles apart. boehner is back in ohio. president obama and family are in his native hawaii. he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through...
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. >>> the fiscal cliff, well, just ten days away with no deal in sight. president obama, house speaker john boehner literally thousands of miles apart. boehner is back in ohio. president obama and family are in his native hawaii. he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through apartment buildings and filled the streets with debris. more than 140 people reportedly died in peattacks across syria, most in damascus and its suburbs. >>> india, riot police blasted protesters with high-pressure water hoses trying to break up massive angry riots against the government. people are furious after a woman reportedly gang raped and beaten on a moving city bus last weekend. protesters demanding changes to india's laws regarding rape saying women are not safe in new delhi and other cities in india. >>> a former marine spent more than four months at a mexican prison is free and h
. >>> the fiscal cliff, well, just ten days away with no deal in sight. president obama, house speaker john boehner literally thousands of miles apart. boehner is back in ohio. president obama and family are in his native hawaii. he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through...
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the fiscal cliff just ten daps eway with no deal in sight. in fact, president obama, house speaker john boehner literally thousands of miles away from each other. speaker boehner back home in ohio. president obama and family are in his native hawaii for a short holiday break. he return to walk after christmas. >>> in egypt the vice president is stepping down. this man announced political life does not agree with him and he'll go back to being a judge. e t e-of-the egyptian people are voting on the newest constitution. protests erupt the last month when the new president gave himself near absolute power. >>> those of your headlines at this hour. i'm don lemon, keeping you informed. cnn, the most trusted name in news. >>> it was one of the most important diplomatic missions in history. also one of the most clandestine and risky. four decades ago, henry kissinger, then president nixon's national security advise secretly flew to china, beginning a string of meetings that would eventually open that isolated eastern nation to the western world. tha
the fiscal cliff just ten daps eway with no deal in sight. in fact, president obama, house speaker john boehner literally thousands of miles away from each other. speaker boehner back home in ohio. president obama and family are in his native hawaii for a short holiday break. he return to walk after christmas. >>> in egypt the vice president is stepping down. this man announced political life does not agree with him and he'll go back to being a judge. e t e-of-the egyptian people are...
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the fiscal cliff, just ten days away with no deal in sight. in fact, president obama and house speaker john boehner are literally thousands of mimes away from each other. both men left washington for the holidays and president obama and family, they are in his native hawaii for a short christmas break. he returns to washington after the holiday. in egypt, the president is stepping down. this man announced today that political life does not agree with him and he'll go back to being a judge. it's the same day the egyptian people are voting for a second straight weekend on proposed changes to the country's newest islamist-backed constitution. the new president gave himself near absolute power. those are your headlines this hour. i'm don lemon, keeping your informed. cnn, the most trusted name in news. >>> it was one of the most important diplomatic missions in history. also one of the most clandestine and risky. four decades ago, henry kissinger, then president nixon's national security adviser secretly flew to china, beginning a string of meetin
the fiscal cliff, just ten days away with no deal in sight. in fact, president obama and house speaker john boehner are literally thousands of mimes away from each other. both men left washington for the holidays and president obama and family, they are in his native hawaii for a short christmas break. he returns to washington after the holiday. in egypt, the president is stepping down. this man announced today that political life does not agree with him and he'll go back to being a judge. it's...
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. >> fiscal cliff chaos. >> it's not the outcome that i wanted, but that was the will of the house. >> after speaker boehner's stinging defeat, is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine. the only thing that stops a bad guy with a gun is a good guy with a gun. >>> and a new pick for secretary of state.
. >> fiscal cliff chaos. >> it's not the outcome that i wanted, but that was the will of the house. >> after speaker boehner's stinging defeat, is there any way to salvage a deal and strengthen our economy? >> how we get there, god only knows. >> i actually still think we can get it done. >> the science from the nra. >> blood-soaked films out there. violent video games. the national media machine. the only thing that stops a bad guy with a gun is a good...
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and avoid that fiscal cliff. >> i am still ready and willing to get a comprehensive package done. >> we'll continue to work our colleagues in the congress and white house on plan that will protect small businesses. >> alisyn: after a week, still at a stand still. where should the the congress go from here. >> good morning. >> alisyn: most people will consider what happened this week with john boehner's failure to bring even a vote on so-called plan b to be an embarrassment for the speaker, but you think that the g.o.p. dodged a bullet here? >> yeah, they dodged a serious bullet here in in case, when you think about it one of the most appealing quality of their brand they're principally opposed to tax increases that we don't have a revenue problem that we have a spending problem. to be on record as voting for a very anti-growth tax increase, i think, would imperil their house majority. >> and stf with just new years avenue, december 31st he. but he says actually the drop dead is the 27th to do the technicalities they have to do to pass by the end of the year. december 27th, that's jus
and avoid that fiscal cliff. >> i am still ready and willing to get a comprehensive package done. >> we'll continue to work our colleagues in the congress and white house on plan that will protect small businesses. >> alisyn: after a week, still at a stand still. where should the the congress go from here. >> good morning. >> alisyn: most people will consider what happened this week with john boehner's failure to bring even a vote on so-called plan b to be an...
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for thinking about the fiscal cliff fight is about taxes. >> unless the president and congress take action. tax rates will go up on every american taxpayer. >> if the argument is that they can't do, they can't increase tax rates on folks making $700,000 or $800,000 a year, that's not a persuasive argument to me and it's certainly not a persuasive argument to the american people. >> here is the rub -- the discussion centers on whether or not to let the top income tax rate jump from 35% to 39.6% on the marginal part. the part above the number of the let's call it $400,000. john boehner says don't give the government more revenue because it already spends altogether too much. now the question is not really wouldabout that 4 billion 6% continues on what the rich would pay in taxes. the real conversation boils down to the role of government. generally speaking, democrats are willing to entertain a bigger role of government in society, republicans want a role it back. it's ideology. but a more constructive conversation would be how much do we expect to benefit from the services that gover
for thinking about the fiscal cliff fight is about taxes. >> unless the president and congress take action. tax rates will go up on every american taxpayer. >> if the argument is that they can't do, they can't increase tax rates on folks making $700,000 or $800,000 a year, that's not a persuasive argument to me and it's certainly not a persuasive argument to the american people. >> here is the rub -- the discussion centers on whether or not to let the top income tax rate jump...